Strategy Buys 3,273 Bitcoin, Holdings Top 818K BTC

  • Strategy bought 3,273 BTC for $255 million at an average price of $77,906 per coin.
  • Total holdings now stand at 818,334 BTC worth $63.7 billion, equal to 3.9% of bitcoin's total supply.
  • The purchase was funded by selling over 1.45 million MSTR shares, with $26.47 billion in stock still available for future buys.
Strategy Buys 3,273 Bitcoin, Holdings Top 818K BTC
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Strategy has purchased another 3,273 bitcoin for $255 million, bringing its total holdings to 818,334 BTC — now worth approximately $63.7 billion.

The company, led by Michael Saylor, bought the latest tranche at an average price of $77,906 per coin, according to regulatory filings.

Social media post

Saylor marked the purchase on social media with a characteristically brief message:

“The beat goes on.”

Funding the purchase

The acquisition was funded through the sale of 1,451,601 shares of Strategy’s Class A common stock, generating proceeds of $255 million.

The company still has $26.47 billion worth of MSTR shares available for issuance under its current program, leaving significant runway for future purchases.

MSTR stock has declined 54% over the past 12 months, trading at $171.02 per share at the time of the announcement.

Scale of holdings

Strategy’s historical bitcoin holdings reflect years of aggressive accumulation, with the firm’s average cost basis now sitting at $75,537 per coin.

With 818,334 BTC on its balance sheet, Strategy controls roughly 3.9% of bitcoin’s 21 million hard cap supply, making it the single largest corporate holder of the asset in the world.

Original Article